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The truth about prop firm trading – a must-read
Every trader will at some point come across information about proprietary firms and prop firm trading. While this is a great opportunity to scale up and take your trading to another level one has to be aware of a few things that in reality are not as they might seem at first look. Discovering how things work can help you pass the prop firm challenge and achieve long-term success as a funded trader. A closer look at prop firm trading account If you look at any prop firm’s website you’ll discover that they offer evaluations for different account sizes starting from 5000 USD and going up to 200,000 USD. The…
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List of regulators worldwide
Regulators ensure that forex brokers follow the law and meet minimum requirements to secure clients’ funds (e.g., keep their money in a segregated bank account so that they can be refunded in case of a broker’s bankruptcy). Regulators also make sure that brokers can provide a secure and transparent trading environment for traders and have sufficient resources to facilitate trading. Choosing a forex broker regulated by a strong watchdog in a country that has a rigorous legal framework can provide traders with an added layer of protection and peace of mind. Countries and regulators known for their strict regulatory framework: Financial Conduct Authority (FCA) – UK Swiss Financial Market Supervisory…
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